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Tesla’s Biggest Investor Lacks Conviction in its Courage

Baillie Gifford & Co. is the largest investor in Tesla Inc. after the electric car company’s maverick billionaire founder, Elon Musk. You might think that such a committed investor would be 100 percent convinced Musk will confound critics of his automaking adventure. There is still a good possibility that Tesla will prove entirely and highly successful and the returns we make to that would outweigh the downside involved in all these complex tasks not working out.